Final accounts || Problem no 6

Also watch the following videos: 1.Meaning of final accounts: https://www.youtube.com/watch?v=9olRkMQSTc8 2.About Trading a/c and Profit and loss a/c: https://www.youtube.com/watch?v=QMTSBg5Jh8A 3.About balance sheet: https://www.youtube.com/watch?v=ZH9AMVwW9uY 4.Adjustment meaning : https://www.youtube.com/watch?v=_XP1tVVIynQ 5.Bad debts: https://www.youtube.com/watch?v=iJ-Uksqjpog 6.Provision for reserve on doubtful debts: https://www.youtube.com/watch?v=ykgZM4PO-Gk problem no 1: https://youtu.be/DDqvygitvY8 problem no 2: https://youtu.be/nYR-hUXgJtU problem no 3: https://youtu.be/SX8svFT-8zk problem no 4: https://youtu.be/vWrGoaPLv4Y problem 5: https://youtu.be/_HkvkuJPZGI Problem no 6: Prepare final accounts fro the trial balance of Brindavan business for the year ended 31.03.2019: Trial balance as on 31.03.2019 Debit Balances Amount Credit Balances Amount Salaries 6.000 Sales 47,000 Purchases 22.000 Creditors 10,000 Wages 7,800 Capital 25,000 Carriage on Purchases 400 Bills payable 5,800 Office Expenses 500 Commission 600 Debtors 30.000 Furniture 3.000 Machinery 10,000 Insurance 400 Bank Balance 4.000 Bills Receivable 2,000 Cash 1,100 87.800 87,800 Adjustments: 1.Outstanding Wages : Rs 2,000. 2.Outstanding Salaries : Rs 1,000. 3.Prepald Insurance : Rs 50. 4.Create 5% Reserve for Bad Debts on Debtors. 5.Depreciation on Furniture Rs 150 on Machinery : Rs 500. 6.Closing Stock : Rs 11,000.